22:54 July 12, 2015
(AGI) – Brussels, 13 July – A bridge loan, the measures which seek to Athens a “back off” and privatization: the topics are currently the focus of the discussions of the Heads of State and Government of the Eurozone, after utlimatum 72 hours given by ministers Eurogroup of Finance, according to EU sources said. On the first point, the bridge loan to meet the immediate financial needs of Greece, namely the 7 billion that are used by July 20 to meet its arrears with the IMF and the upcoming deadlines in view (in particular with the ECB), This could be funded from the first mechanism established ‘Eurozone, quell’Efsm created back in 2010 to deal with the sovereign debt crisis that had made the necessary assistance programs for different countries. And ‘what they know EU sources on the sidelines of the summit of the Eurozone. In particular, the 60 billion allocation mechanism, 48.5 were served by Ireland (22.5 billion) and Portugal (26 billion). Flanked by the temporary fund EFSF and thereafter the ESM fund salvastati, the EFSM has maintained its remaining 11.5 billion endowment that would be ready to be delivered in an emergency situation, such as the one now facing Greece. To use them, not ‘necessary unanimity’ but just a qualified majority of euro countries.
As for the “back off”, would be especially the Dutch who wanted the government greek withdraw the measures decided in recent months against the advice of the institutions’ cause contrary to the provisions of the Agreement of February 20: but Tsipras would like to avoid having to relicense the workers reinstated in recent months.
Finally, with regard to privatization, there are many measures on which there ‘already’ agreement but “much remains to be done” and that some countries want Greece to commit itself more ‘on this front. The discussion and ‘still ongoing also on the opportunity’ to create a guarantee fund to 50 billion in Luxembourg: according to the source, it is in fact discussing the figure, considered excessive by many, while the fund to be used already exist ‘.
Previously the Eurogroup were given time until Wednesday ‘to Greece to launch new reforms as a condition for negotiations on the bailout. This was stated by the Finnish Finance Minister Alexander Stubb , pointing out that the three points are required to Athens to complete the measures by July 15, reform the system of work and pensions, to intervene on VAT and taxation . In everything ‘adds the request to strengthen the privatization program. The most ‘important – said Stubb – and’ that the whole package of measures is approved by the government and by the parliament greek.
This draft of the eurozone ministers in after 14 hours of negotiations yesterday and today, the finance ministers of the Eurogroup had failed to approve a document on Greece to be presented at the summit of the Euro zone. As he said at the end of a long meeting, the President Jeroen Dijsselbloem , “we have come a long way and resolved many points, but there are still some major issues to deal with. Now inform leaders so that they can discuss and hopefully decide “.
Draft Eurogroup: aid required between 82 and 86 billion, reforms by 15
MERKEL, NO TO AGREEMENT AD ogno COST – The discussions among eurozone leaders at a summit that has’ opened at 16 in Brussels, “will be very hard,” according to German Chancellor Angela Merkel. “It ‘s very difficult – he said – the economic situation and’ worsened in recent months and he and ‘lost trust and reliability’ ‘: in any case, he added, not Germany hopes” a deal at any cost. ” Merkel added, “I know the nerves are tense: grim need a solution that suits both Greece and the euro area”, assessing whether “the promises of Greece will lead to approval for negotiations: no more ‘and nothing less Let’s see if we’ll make it. “
Athens judges the level of the Eurogroup” very negatively “
Before the summit the Italian premier Renzi had assured him that “Italy will do ‘everything to help out and close the Greek crisis”. Matteo Renzi, speaking to reporters on his arrival all’Eurosummit, said that “there is’ a great need for Europe, and ‘the right to worry about the Greek crisis and we do everything because’ agreement is reached: from the point Starting now we are very close “to reaching an agreement,” I am not saying that the definition of the details, but the distances are withdrawing after much “.
The situation ‘very complicated and all of us are committed to reach an agreement, “he said on his arrival at the palace of the European Council Prime Minister Matteo Renzi. After listing all the difficult international situations, the bomb yesterday in Egypt, the agreement on Libya, the Iranian nuclear talks and Ukraine, of which “inexplicably speaks no more ‘,” Renzi added that “there is’ a great need for Europe: we are committed to reach an agreement concerning Greece but rather about Europe”, because ” there ‘need for Europe to get back to Europe do and do what you must do, “he underlined Renzi.
“In addition to Greece there ‘also needs to return to deal with the main issues, and’ a very delicate moment for our continent.” Italy ‘will’ of all certain to help to solve the Greek crisis, but also to bring the voice of Europe from Vienna – cites as the premier Italian – where the High Representative Mogherini and ‘engaged in negotiations with Iran “. “It ‘s the fourth time that we meet in two weeks on Greece and it’ important for Italy to agree but then we have to restore confidence not only in the European institutions, but public confidence in Europe. If it continues so ‘- said Renzi – we lose it. “
Hollande: FRANCE WILL’ AGREEMENT OF ALL FOR TONIGHT – France” will do ‘everything possible to find an agreement tonight and allow the Greece to remain in the Euro as well as Europe to move forward, “said French President Francois Hollande instead. “There ‘a provisional Grexit: either there’ or not there ‘. We have to find a common understanding, Greece has made efforts and now has to prove that will respect’ commitments to have support in the Eurozone whole. “
JUNCKER: WORK TO SOLUTION -” We will work today to a solution to the last millisecond. And I hope that we will arrive at a solution “: it was said the president European Commission Jean Claude Juncker.
“LIVE DRAGONS-SCHAEUBLE” – The tension in Europe would be very high so that the Eurogroup meeting was interrupted last night, for a discussion held between the German Finance Minister Wolfgang Schaeuble and ECB President Mario Draghi.
According to reports from some Greek media, which in turn cite news agency Ana, the German minister would respond so ‘Draghi: “I’m not stupid,” even as the number one Eurotower was explaining a detail on the debt of Athens.
Immediate denial of the ECB : There ‘was no clash between Dragons and Schaeuble “but you and’ only dealt with” an exchange of views “.
Tsipras,” AGREEMENT POSSIBLE TODAY IF ALL THE WANT “- ” We can reach an agreement tonight if all parties want it “: he secured premier greek Alexis Tsipras, on his arrival at the palace of the European Council. “I’m here for a fair compromise,” he said Tsipras, “the citizens want a united and not divided.”
PADOAN, “NOW CONCRETE ACTIONS FROM ATHENS” – Economy Minister Pier Carlo Padoan said that “the obstacle most ‘great is the lack of trust. I expect concrete ideas from the greek government for the measures that are necessary and to rebuild that confidence leading to the resumption of negotiations. We lost so ‘long, we can not lose any more. “
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